Starter Home Boost for First-Time Buyers

Communities Secretary Greg Clark has given a boost to the government’s starter homes initiative by launching a £26 million fund for housebuilders to demonstrate a range of high quality homes that will be available for first-time buyers. These will pave the way for the first wave of starter homes and show aspiring young homeowners the different types of properties they can come to expect from the scheme. The fund will support architects, developers, councils, housing associations and small builders to build properties that will increase the quality of design as the government delivers on its pledge to build 200,000 starter homes by 2020. It will be used to acquire brownfield sites to provide land for starter homes. Money from the sales of these sites will go back to the government. Read more on the CLG website.